COVID-19 has caused financial markets to tank and slowed economic growth around the world. Some economists are predicting recessions across major economies. These can be scary times for everyday consumers. In this article we highlight some key financial tips for those that are concerned about the economic uncertainty.
When It Comes to Retirement Investments, Think Long-Term
It can be scary to watch your portfolio's value fall significantly during times of market unrest. However, unless you are planning to retire very soon, there is no reason to panic. Historically, while periods of volatility are not uncommon, stock markets have traditionally shown strong growth in the long-term. This is especially relevant for those that invest in funds with retirement target dates. If you are the type to invest in individual stocks and bonds on your own, it is important to maintain some level of diversification in order to blunt the impact...